On February 15th, the Open Meta Trade (OMT) project has officially passed the community appraisal. This means that this project will be officially open for sale on the ONUS Launchpad.
OMT Token Sale Details:
- Launchpad Hard Cap: 200,000 OMT
- Public Sale Token Price: 1 OMT = 48,000 VNDC
- Token Sale Format: First come, First served (the launchpad ends when 200,000 OMT is sold out or the subscription period ends)
- Subscription Period: From 07:00 AM UTC on March 02 to 07:00 AM UTC on March 05
- Token Distribution: 10:00 AM UTC on March 07
- Conditions: all ONUS users with a VIP 2 account and above (completed KYC Advanced)
Starting from 09:00 UTC on March 07, users can perform the following features:
- List OMT on the ONUS app.
- Open Off-chain transactions, Trade and P2P trading for OMT.
- Open On-chain deposit transactions via Arbitrum and ONUS Chain network (On-chain withdrawal transactions is expected to be opened after 24 hours)
Notes
- Private Sale tokens accounts for 5% of the total supply. This amount will be unlocked 10% for the first time after 60 days from the time of TGE. The remaining amount will be vesting every 3 seconds for the next 12 months.
- Launchpad tokens will unlock 10% at TGE. After 60 days from TGE, the remaining 90% of launchpad tokens will be vested every 3 seconds for the next 9 months.
Learn more about Open Meta Trade: Website | Whitepaper
Join the Open Meta Trade Community: Telegram | Twitter
Details and Instructions
OMT Launchpad will take place in 04 major phases:
Phase 1: Determine buy options (before 07:00 AM UTC on March 02)
The maximum buying right is the maximum amount of VNDC you can use to register to buy. Default purchase rights for members from VIP 2 and above: Minimum 500,000 VNDC, maximum 10,000,000 VNDC.
Maximum buying right = Default purchase rights + (vONUS points * ONUS/VNDC exchange rate at the time of closing the buying right)
For example: If you are a VIP 2 member or above and your point is 1000 vONUS. The ONUS exchange rate at 07:00 on March 2 is 11,000 VNDC. You are entitled to use up to 10,000,000 + (1000 * 11,000) = 21,000,000 VNDC to register to buy OMT.
Phase 2: Subscription
To register to buy OMT, you need to submit VNDC into OMT’s Launchpad pool. The OMT launchpad is implemented in the form of “First come, First served”. Users who deposit VNDC early will be able to buy OMT according to the amount submitted and the exchange rate. The Launchpad program will end as soon as 200,000 OMT are sold out, or the subscription period ends.
The subscription period is from 07:00 AM UTC on March 02 to 07:00 AM UTC on March 05 (might ends sooner when 200,000 OMT are sold out)
Phase 3: Token Allocation
At 07:00 AM UTC on March 05, ONUS will close the subscription portal and distributes OMT to investors who have successfully placed orders.
Phase 4: Claim Token
For investors who successfully buy OMT, ONUS system will automatically transfer this amount of asset to your account.
According to the policy of the Open Meta Trade project, you will receive 10% of Launchpad tokens at 10:00 AM on March 7. After 60 days from this day, the remaining 90% of launchpad tokens will be vested every 3 seconds for the next 9 months.
About Open Meta Trade and token OMT
Open Meta Trade (OMT) is a decentralized Spot and Futures exchange that operates on three networks Arbitrum, ONUS Chain, and BSC. It allows anyone to easily trade derivatives of BTC, ETH, and other assets with up to 50x leverage. So what is the difference between OMT and traditional derivatives exchanges?
- Low transaction fees
- No price impact, no funding fees
- Users own and manage 100% of trading assets
- Asset prices aggregated using Oracle (on-chain data)
- Trade directly with a user-provided multi-asset liquidity pool
The unique feature of Open Meta Trade is that it is a dual token system comprised of OLP as a liquidity token and OMT as an administrative and utility token. Owners can stake OMT and OLP to receive a 100% profit share from the platform and other extended privileges.
Furthermore, Open Meta Trade has a multi-tier referral mechanism. In addition to trading commissions, people can earn rewards for referring friends to staking and providing trading liquidity on the same platform. Open Meta Trade is currently in the final stages of product development and is scheduled to go live in March 2023.
OMT is the utility and governance token of the platform. OMT holders can participate in voting on proposals to help determine the future direction of Open Meta Trade. Those who stake OMT tokens simultaneously receive three different rewards. In particular, which includes 30% of the entire system fee that Open Meta Trade collects. This fee comes from market making, exchange fees and leveraged trading.
Specification
- Name: Open Meta Trade
- Ticker: OMT
- Platform: Arbitrum, ONUS Chain
- Standard: ERC20
- Token type: Utility, Governance
- Total supply: 2,000,000 OMT
Note: ONUS Launchpad is the platform to support projects with their first token sale to the community. Every project goes through an appraisal process from ONUS, ensuring users can access quality projects. However, due to the nature of the market, ONUS will not be liable for any property loss. Investors please learn carefully, make sure you understand the risks, and be cautious when investing.
